Modern Money Operations

We discuss  modern monetary policy solutions most feared by the Plutocracy.

Obamacare Explained for Every Person

Im_jus_sayin'

MSM: Lies About Deficits

Origins: Modern Monetary Theory

MMT: The Viable Solution

Kill F.I.C.A.

The U.S. Trade Scam

Trans Pacific Trade Scam

Monetary Sovereignty

Galbraith on Deficits

Obama, Austerity and Stupidity

The Good Federal Deficit

USA: The Corruption of Truth

The Stooges of Economics

Demagogue The Deficit

No More Buy America

Dollars are I.O.U.s

We Told You So

They Saw It Coming

Bush Era & Real Deficits

Identity Papers Pls.

Why Deficit Spending?

The Good Federal Deficit

Explaining Modern Money

Modern Money Primer

Lying About The CPI

Cantor Dictates Shutdown

Greenspan's Fraud

Obamacare Explained

Obama: Fix These Now

Oligarchs Love Huge Deficits

Monetary Sovereignty

Public Purpose of Money

Prof. Kelton & MMT

The MMT Solution 

Money Explained

A New Monetary System

Why Do They Tax Us?

Federal Tax Con Game

The Fraud In U.S. Tax Policy

Timeline US Recessions

So You Want To Vote-Ya Right

AARP POLICY FRAUD

AARP & SOCIAL SECURITY FRAUD

Fraud and the Fed

Greenspan’s Fraud Redux

Republican Budget Scam

American Banking Fraud

SCREW THE MIDDLE CLASS

Krugman A 1% Pimp

Affordable Health Care & You

Obamacare & You

Gaming Inflation Data

Hyperinflation 2011-2020

How the Banks Rob the US

Pyramid of Capitalism

Who Creates Jobs?

Capitalism and Democracy

OWS Declaration 

Your State Has Money

North Dakota's Genius

A Genius Amongst Use

The Regulations Myth

Out With Labor Day

Rich Get Richer

Ringing Your Bell

Books & National Money

The Big Spenders

They Knew

Ltr.:Congressman Moran

Diana Stansberry writes:


Obama Care… Better Than I Thought!!


I have not been able to keep up  with trying to follow the political process to learn about the new health care system or the Affordable Care Act, more recently known as “Obamacare.”  It is getting close to the launch of it and I thought I had better find out what this means to me as a consumer who is currently uninsured for health care.


Here is what I found.


First we have 3 choices:


1) Select employer provided private insurance coverage:


  a. Must meet employers eligibility requirement i.e., full-time employees, etc.


  b. Advantage:  Can deduct premiums from taxable income


  c. If premium exceeds 9.5% of yearly income, eligible for a tax credit


  d. Insurance Providers must follow new laws which are designed to protect the citizens: 


     i. Can not deny you coverage because of  “pre-existing conditions”


     ii. Can not cancel policy arbitrarily when you get sick, i.e, mistake on application


     iii. Accountable for rate increases


     iv. All plans must provide a Summary of Benefits & Coverage (SBC) standard form so we can easily compare apples to apples.


2) Select coverage from private insurance coverage in the Marketplace Exchange.


   a. Competitive marketplace where all insurance provider must obey new laws which protect the citizens:


      i.    Can not deny you coverage because of  “pre-existing conditions”


      ii.   Can not cancel policy arbitrarily when you get sick, i.e, mistake on application


      iii.  Must provide easy to understand Summary of Benefits & Coverage


      iv.  Accountable for rate increases


      v.  OUT OF POCKET set at Max and insurance companies must pay all over


      vi. No pay limits for Insurance companies and they can not impose limits.


      vii. All plans must provide a Summary of Benefits & Coverage (SBC) standard form so we can easily compare apples to apples.


      viii. Can carry adult children up to 26 years


  b. All providers must provide “Preventive Care Services” FREE without a copay or co-insurance. 


Preventive Care

      can include:

      i. Breast Cancer, free mammograms, screening

      ii. Colonoscopy

      iii. Blood pressure

      iv. Sexually transmitted infections

      v. Immunization vaccines/shots

      vi. HIV screening

      vii. Diabetes screening and lots more

  


a. Taxable income includes premium payments


3)  Opt to be un-insured:  Must pay the Individual Responsibility Payment


      i.    Payment for an adult, 1% of yearly income or $95/year per person (the greater) beginning 2014. Will increase every year until up to $695/year per person. 

      ii.   Payment for  un-insured child is $47.50/year or $285 maximum per year, per child.

      iii.  Payment due when file taxes, unless exempt.

      iv.  Must apply for exemption. Qualifications to be exempt include:


  a. The lowest plan you can find in the market place exceeds 8% of your yearly salary

  b. Income too low to require filing taxes

  c. Federally recognized tribes

  d. Recognized Health care sharing ministries

  e. Religious objections to insurance, including Social Security and Medicare

  f.  Incarcerated

  g. Not lawfully present in the US

  h. Hardships Exemptions:

     i. Homeless

     ii. Eviction or Foreclosure

     iii. Utilities shutoffs

     iv. Domestic Violence

     v. Death of a close family member

     vi. Disasters (both natural and man-caused)

     vii. Bankruptcy within the last 6 months

     viii. Existing medical expenses

     ix. Someone pays for child health care

     x. Your state did not expand eligibilities for Medicare under the Affordable Care Law


Source:  HealthCare.Gov

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